Home Owners Associations can be a very positive and necessary component to a neighborhood. They ensure cleanliness of the streets and sidewalks. In some subdivisions that have common green belt areas, parks, and playgrounds, they are in charge of trimming trees, grass, bushes, and the upkeep of the playground equipment.
Your neighborhood Home Owners Association will also establish the rules and laws in regards to the appearance of front yards throughout the community which will maintain the integrity and manicured look of the entire subdivision. Did your neighbor share with you their desire to paint the exterior of their home a bright yellow? Well think again! Exterior paint colors must be approved by the HOA as well as most visual exterior home changes.
Home Owners Associations do come with extra monthly or quarterly fees which are not negotiable and are required of you to pay if you choose to move in to a neighborhood that is managed by an HOA. Most homes currently built in Gilbert, Arizona are in subdivisions managed by Home Owners Associations, however, there are still many resale homes that are not.
The benefits of purchasing a home that is not maintained by a Home Owners Association are many. Two of the biggest positive aspects of owning a home that has no HOA are you'll never need to get pre-approval for any changes you want to do to your own home, and you don't have the extra monthly or quarterly fees which can add up to over $1,000 extra per year or more.
Most homes in Gilbert, Arizona that are in areas not governed by an HOA are either located in County Islands or are rural horse properties which means these homes may not be connected to the city's water and sewer systems. These homes usually draw their water from a common well and/or have septic systems. It's important to consider all the positive and negative aspects of purchasing a home in these areas.
Sales information for Non-HOA homes in Gilbert, Arizona January 2016:
Total Sold Homes: 19
Average List price: $403,053
Average Sold price: $374,816
Approximate Square Footage of Sold homes: 2,216
Average Sold Price per Square Foot: $165.56
Average Days on Market: 85
Click Here for a list of current Homes for sale in Gilbert, AZ with no HOA
There is quite a wide range of homes with no HOA's available in Gilbert. These homes can range from first-time home buyer prices all the way up to luxury homes. Let the Gilbert, Arizona real estate experts at Zion Realty help you through the process of determining whether purchasing a property with no Home Owner's Association is right for you. Contact us Today!